Veterinary products and speciality chemicals maker RFCL, a part of private equity firm ICICI Venture, is scouting for acquisitions abroad to establish a base in the high volume US and European markets, as it sees revenues crossing the Rs 500 crore mark by 2010.
The company, which also manufactures chemicals used in medical diagnostics, is looking for opportunities in lab chemicals and animal healthcare products segment abroad for which it has appointed Yes Bank as its consultant.
"The share of India in lab chemicals and animal healthcare segment is only one per cent. The sector offers huge growth potential overseas and in order to cash in on this opportunity, we have to be present in bigger markets such as Europe and US," RFCL Managing Director Sushil Mehta told PTI.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment